PM Modi lauds banking sector reforms in Independence Day speech, says Indian banks among ‘strongest in the world’

Independence Day 2024: Prime Minister Narendra Modi On August 15, he praised the reforms in the country’s banking sector and said that Indian banks are now counted among the strongest banks in the world.

“Just think what was the condition of our banking sector. There was no growth, no expansion and no confidence (in the banking system). Our banks were going through a difficult phase… We took major reforms to strengthen the banking sector. Today, because of the reforms, our banks are among the few strong banks globally,” Modi said.

Speaking from the ramparts of the Red Fort after hoisting the national flag on the occasion of India’s 78th Independence Day Independence Day On the occasion of the ceremony, Modi addressed the nation and outlined the goals and policies of his government.

“India’s contribution at the global level Development “India’s economy has improved; the country’s exports have increased. Indian banks are now counted among the strongest in the world. Our commitment to reforms is not due to temporary admiration or compulsions but a resolve to strengthen the country,” Modi said.

The Prime Minister said, “To achieve the goal of Developed India 2047, governance reforms have to be further enhanced and the delivery system in governance has to be strengthened.” He called for working at all levels. Government Working on mission mode to make life easier.

Prime Minister Modi said, “The middle class gives a lot to the country and expects a quality life; our effort will be to ensure minimum government interference.”

On government reforms…

“We were given a huge responsibility and we have introduced major reforms at the ground level… I would like to assure the countrymen that our commitment to reforms is not just limited to editorials in the pink paper,” Modi said.

He said the government’s commitment Improvement This is not for “a few days of praise” but with the intention to strengthen the country. “So, I can say that our path of reforms is a blueprint for development. This reform, this development, this transformation, is not just a topic of discussion for debating clubs, intellectual societies and experts. We did not do this out of political compulsions…we have just one resolve – nation first,” he said.

On technology and women…

Modi has his speech He also highlighted the creation of modern systems in key sectors through technology. He said, “Be it tourism, education, health, MSME, transport, farming or agriculture sector – a new modern system is being created in every sector. We want to move ahead by adopting best practices by integration of technology.”

Modi also said that Women Financial independence. He claimed, “In the last 10 years, 10 crore women have joined women self-help groups. 10 crore women are becoming financially independent.”

He said, “When women become financially independent, they become part of the decision-making system at home which leads to social change… So far, Rs 9 lakh crore has been given to self-help groups in the country.”

Developed India 2047

Modi praisedDeveloped India 2047In his 11th Independence Day speech, he said, “Developed India 2047 are not just words, they are a reflection of the resolve and dreams of 140 crore people. With our resolve, we are capable of making India a developed nation by 2047.”

He said, “We gave the mantra of ‘Vocal for Local’. Today I am happy that Vocal for Local has become the new mantra for the country.” Economic “Today there is such a system in the country, in which every district has started being proud of its produce. There is an atmosphere of one district one product in every district…”

Prime Minister Modi said, “The path of reform chosen by us has become a blueprint for development, not just for debate.” He called for India to soon become the third largest economy in the world. He also praised the Indian government’s focus on skill development of youth.